Nepal Rastra Bank Fixes Exchange Rates for Foreign Currencies
Nepal Rastra Bank has released the exchange rates for various foreign currencies in Nepal. The buying rate of one US dollar is fixed at Rs 152.04, while the selling rate is at Rs 152.64. This means that if you buy $100 worth of US dollars, you will get 15,204 Nepalese rupees, and if you sell them, you will get 15,264 rupees.
The exchange rates for other currencies are also fixed by the central bank. The buying rate of one euro is Rs 175.74, while the selling rate is at Rs 176.43. Similarly, the buying rate of one UK pound sterling is Rs 205.13, and the selling rate is Rs 205.94.
Nepal Rastra Bank has also fixed the exchange rates for other currencies like Swiss franc, Australian dollar, Canadian dollar, Singapore dollar, Japanese yen, Chinese yuan, Saudi Arabian riyal, Qatari riyal, Thai baht, UAE dirham, Malaysian ringgit, South Korean won, Swedish krona, Danish krone, Hong Kong dollar, Kuwaiti dinar, Bahraini dinar, and Omani rial.
The exchange rates may be revised at any time as required by the central bank. The rates set by commercial banks may differ from these fixed rates, and the latest updates are available on the Nepal Rastra Bank's official website.